$3.5 Million Venue Karaoke / Private Party Rooms, Prime Location!

Listing Number: 0101-509755

Description

$3.5 million invested in the expansive complex of one of South Florida’s premier entertainment destinations, including 18 karaoke & private party rooms, of different sizes, built under the direction of renowned architect team. The venue is equipped with cutting-edge audio and visual technology and offers a unique multimedia experience with more than 50,000 songs in multiple languages. Guests can enjoy an exclusive in-room fine dining experience, with gourmet culinary options and an extensive wine, beer and cocktail menu. #200,000 4COP Full liquor license. The location has a full-size commercial kitchen with all top of the line equipment. 11,000 square foot space in a prime location in South Broward. This amazing experience was founded in 2013 in Europe, after opening and operating over half a dozen locations they established this milestone in the US market. The company brings a new musical and socially empowering experience in adult and family entertainment. It is a karaoke experience like no other – one that is upscale, luxurious and inviting, where private karaoke rooms offer a safe and relaxing environment, ideal for socializing and entertaining. The company has been recognized as an exciting and innovative entertainment concept by hundreds of thousands of clients, as well as investors and major media channels. Great business expansion potential, owner benefit: $400,000. $10,000 Inventory included. Seller Finance available. Owner Benefit: $400,000. Good for work Visa. SBA Pre-Approved.

Listing Details

• Price: $2,750,000
• Down Payment: $600,000
• Sellers Discretionary Earnings: $402,290
• Total Sales: $2,054,000
• Location: Broward County, Florida


• Inventory: $10,000
• FF&E: $1,500,000
• Employees: 34
• Year Established: 2018
• Reason for Selling: Other Interests
• Category: Recreation